{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Welcome to the Arena from ICR – Conversations with Today's Innovators & Business Leaders","title":"Will Ulrich, Co-CEO, Presidio Petroleum — No Drilling Required: A soon-to-be public oil and gas company takes a unique approach to value creation (Re-broadcast)","html":"<iframe width=\"100%\" height=\"180\" frameborder=\"no\" scrolling=\"no\" seamless src=\"https://share.transistor.fm/e/82c6b018\"></iframe>","width":"100%","height":180,"duration":1843,"description":"As we work on some new episodes for you, we'll be re-running some old favorites from the archive. Please enjoy this episode from back in February with Will Ulrich, the co-CEO of Presidio Petroleum. \nSummary:\nFor most companies in the oil industry, drilling new wells is a major part of their business strategy. Today, we're highlighting a firm that's taking a very different tack.\n \nWill Ulrich has served as co-CEO of Presidio Petroleum alongside his partner Chris Hammack, since founding the company in 2017. Presidio's mission is to generate the oil industry's best return on capital by delivering the industry's lowest operating expenses, highest profitability and best emissions profile — all without doing any drilling.\n \nToday, Will shares Presidio's unique approach to value creation, their upcoming plan to go public via business combination, and the reasons why they're optimistic for the future.\n \nHighlights:\nFounding Presidio (1:57)\nGoing Public (4:45)\nThe end of the 'Capital Intensive Shale Era' (7:06)\nInstitutional Backing (8:58)\nDividend (10:46)\nPrivate Equity (13:58)\nReducing Operating Costs (17:21)\nField Incentive Plan (20:55)\nStable Well Production (22:30)\nHedging (23:42)\nCapEx (25:43)\nAcquisition Strategy (27:23)\n5-year Outlook (29:17)\nLinks:\n \nWill Ulrich LinkedIn\nPresidio LinkedIn\nPresidio Website\nICR LinkedIn\nICR Twitter\nICR Website\n\n \nFeedback:\nIf you have questions about the show, or have a topic in mind you'd like discussed in future episodes, email our producer, joe@lowerstreet.co.","thumbnail_url":"https://img.transistorcdn.com/VPbFZOgoHk78hrWlplrfMSrQROUNxI8jcZ2Gv-hyKm4/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9mYmFh/NWFlNGJjY2Y0NGFk/YmM2NWJiMTI4NmVh/OWQ4Yi5wbmc.webp","thumbnail_width":300,"thumbnail_height":300}